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tv   MONEY With Melissa Francis  FOX Business  January 31, 2013 12:00am-1:00am EST

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time, but the administration policies are more geared towards a fairness doctrine the growth doctrine. >> first of all i don't think those things are in conflict. i think those things work together. >> we know that a strong middle class means more growth overall. i agree about the payroll tax cut and i wish that had not gone away. i do not think that was a good moment for us to go away. i'm on board with that. but i have to tell you that i don't want to lay blame here, but i'm going to. that is all because of congressional republicans. they did not want to see that. [talking over each other] [talking over each other] charles: hold on, hold on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best
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model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back agai. david: friday numbers will be critical. melissa francis is next. melissa: i'm melissa francis and here's what's "money" tonight. what did boeing's management know and when did they know it? a new report says boeing was aware of the dreamliner's battery problems all along. so why wasn't anything done? we have a top former air safety official to weigh in on that one. plus gdp growth comes to a screeching hot happen. major reason is because government spending plunged 15%. isn't that a good thing? trying to bring you a silver
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lining. the power panel talks about. they are helping to soften the blow for its employees. maybe something to suggest to your boss tomorrow. the company's ceo joins us exclusively with the details. even when they say it's not, it is always about money melissa: now on to our top story. a big new twist in boeing's battery problems with the dreamliner and the grounding of all of the 787s after the issue was downplayed at the outset saying it was just growing pains. that every new aircraft experiences. now it has come out, that boeing had knowledge of major battery problems even before the incidents of smoke and fire on the planes. our aviation expert, peter goelz, a former ntsb managing director has been following this story with us since the start and he is back now with this latest
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development. peter, i want to you to put your ntsb hat back on for a second here. if you find out that they knew that they had 10 batteries that had problems, that japanese airline told them they had to replace 10 batteries did they do something wrong by not disclosing it or by not addressing the problem right there? >> well here's the issue. it is not just 10 batteries. that is 10 batteries from one of the airlines the second airline using the japanese airline, using the dreamliner also had problems. they were not required to turn these events over to the regulator in japan or in the u.s. we have pages of regulations. this was seen as kind of a minor or normal maintenance issue. the real question is, both airliners reported their problems to boeing. they said we had to change out, in one case 10 batteries. in another case we don't know how many. the question is, whether boeing was connecting the
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dots. whether they saw that there was a problem brewing with these batteries and what they did about it. melissa: how could they not? how could they not at this point? that sounds like an awful lot of batteries. it sound like the same problem over and over again. we're also hearing there was a study back in 2010. the faa found this lithium ion chemtries boeing was using, lithium cobalt was more flammable than several possible types. >> that's right. melissa: there was a study out that said this could be a problem. and all of sudden you see evidence of it, don't you think, isn't it logical to believe at that point they should have said, we have a problem? >> as an investigator you go back to look at every event and you see whether there is any similarities. we're not sure yet. we know six of them apparently were overcharges. there were some undercharges. the question is, were there any similarities either in the events or from the production side.
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one interesting thing that came out this week is, that the battery itself has not been given a clean bill of health. on friday it was reported incorrectly that the japanese had said, no, it looks good. that's not the case yet. they're still looking very carefully at the battery itself and its manufacturing processes. melissa: so right now boeing is saying, you know, they had their earnings call today. they said they had $13 billion in cash on hand. they had a record quarter. they say their jet cancellations and deferrals remain above the historical average. that their production is continuing at the same rate. these are all quotes from the ceo this morning. sounds like it is not having an impact yet. how long do you think they stay grounded without a resolution to this problem before it starts having an impact? >> it was a pretty optimistic call today but the one thing that is very true about avery ages -- aviation, safety abhores a vacuum. if there is no explanation and there is no clear path
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how to make these planes safer and prevent this from happening again, it will start to have an impact and probably within the next 30 to 60 days. melissa: it is just hard to look at this mounting evidence, i mean this most recent report we were talking, about all nippon airlines, 10 cases of replacing the batteries. in five the main battery showed unexpect he hadly low charge. this is the exact same thing that happened in the ones that caused the problems and really led to this grounding. there is such an overwhelming slate of evidence that these batteries weren't working it seems like they resisted maybe changing it out and changing the design because it would have been so expensive at that point. isn't that a logical conclusion? >> the investigators from the ntsb will look at all the internal communication, all the work being done on these incidents and see exactly what they were thinking. and, they will make a judgment whether they should have moved it up the chain and, addressed this sooner rather than waiting for this
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almost catastrophic event. melissa: yeah. peter, you're absolutely right. this is another case where we'll eventually see the e-mail trail and that is going to tell us a lot. thank you so much for your time. we appreciate you staying on this for us. >> thanks, melissa. melissa: now for today's market moment. dow 14,000 will have to wait another day at least. the surprise contraction in u.s. gdp along with a mixed economic outlook from the federal reserve weighed down stocks. the blue-chips lost 44 points, with the nasdaq, s&p 500, posted modest losses. moving onto the big economic story of the day. this one was a shocker over gdp. expectations were that it would grow at least 1% in the fourth quarter of 2012. nope. it actually contracted .1%. that is the first time we've seen negative growth since the recession ended more than three years ago. so are we headed back into a recession, or, is this actually good news? we'll tell you why. let's talk to our money power panel now. steve moore, senior
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economics writer at "wall street journal" brian wesbury chief economist at first trust advisors. simon rosenberg, president and founder of the new democratic network and former campaign advisor to president bill clinton. what a power panel we have here. steve moore let me start with you. was this a surprise to you? >> yeah, i think it was a surprise to everyone that the number went negative. you know this, melissa, as well as anyone, the number that matters is private gdp growth. government shouldn't even be part of gdp and gdp, government spending actually fell substantially, military spending was down by over 20%. that accounted for the negativity. even if you take out government we were 1.3% growth rate. melissa, that doesn't cut it that is pretty anemic number. one other statistic quickly to mention. there was a big increase in the amount of disposable personal income reported in this report. and i have a suspicion that that is a result of the fact, remember you reported on all these special dividends and so on.
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melissa: right. >> that were paid in the fourth quarter. i think that showed up in these disposable income numbers. which means we may see a drop-off in those numbers in the first quarter of this year. melissa: you know, brian, that is a great point because i had sort of forgot about that we thought we would see this boost because a lot of people were trying to realize wealth under different tax structure at the end of the last quarter. so maybe, i mean maybe this number could have been even worse? >> well, the income numbers, aren't part of gdp. that is the gross domestic income side. we're measure the production side. and i will agree with everything that steve just said, except i want to add in one thing. we had a major drought this year in the last two quarters, farm inventories have plummeted because of the drought. we just didn't grow as much. and if you subtract both government spending and inventories, the private sector consumption, plus business investment, was actually up 3, almost 3 1/2% at an annual rate in the
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fourth quarter. so this is not at weak report. it is way stronger than the headline number suggests that it was. melissa: yeah. >> second point, to go to this, this end of the year income realization, we all remember the rose law firm and hillary clinton back in 1992. she took her bonuses early. our forecast is that we see personal income rise 3% at an, 3% alone. not even annualized just in the month of december. 85% increase in dividends in december. we already know that. so it's going, clearly will pay for that in the first quarter but that's not part of the gdp report. melissa: people would go ahead and spend some of that money. that if they realized some of that capital they might make an investment before the end of the year or might just spend it on consumption. simon, what is your take on all that? >> well i think it is important to see how the market reacted today, they sort of shrugged it off a little bit. as you heard there is a lot of counter veiling good news
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in the report. housing is doing better. the weekly jobless claims have been way down. so you know, we are growing, not fast enough. i meanthe economy is doing all right. and, you know, the question is going to be now what does congress and president do together. melissa: simon, we're not growing. it is negative. that is the point of the segment. we're not growing. >> i understand. the thing is the economy is doing all right. it is not doing really bad. it is not doing really great. somewhere in the middling place it has been last couple years. that didn't substantially change. as you heard from the other guests. the key thing what is congress and the president going to do? how do we balance need for more growth with also deficit reduction in the next few months. that is where the big battle will be in washington i think. >> l me answer that question. melissa: go ahead. >> i think it is a good one. this is the big political battle, this is one of the reasons i think that the huge fiscal stimulus we had in 2009 was such a expensive mistake because what we did essentially we overloaded the economy with all of this deluge of government spending and essentially
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what we've done now is we're falling off this kind of cliff that was inevitable. i mean had to happen, anytime you have near trillion dollar increase in spend in one or two years yo can't keep doing that borrowing trillion dollars year after year. that is one of the reasons that i didn't think it was very smart thing. all we did was borrow from the future when we had that big stimulus pot in the first place. that's why gdp, maybe a bit lower in the years to come as we drain that out. melissa: brian, you even question the idea of including government spending in gdp as a calculation, don't you, brian? >> well, you know, it is the guy designed the thing long ago. so forget all of that. we know, we know, just look at europe, france, for the last four decades, averaged 2% real growth and 8% unemployment. we are france right now. the government is so big it is weighing down the private sector. and the only way we're going to get back to clinton-type
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growth numbers like we had in the late 1990s is shrink the government. and it has to go back to clinton size government. that's what we have to do. >> i don't agree with steve that government spending lifted growth. i don't believe that at all. i think that is why we have been -- [all talking at once] melissa: hang on guys. we have lots of time. >> we don't have 75% tax rate here. not yet, brian. melissa: that's true. simon, let me address your point about the stock market. you said if it look at the stock market obviously people don't think that is bad. the stock market and economy aren't related. stock market is reacting what is going on with the fed. we had fed minutes out today. the fed out there keeping interest rates so low they are trying to force investors into the market. i mean the rally that we're seeing in the market right now is totally disconnected from what is going on with the economy. you disagree? >> that's been true, actually for a long time. melissa: yes it has. >> i think part of what i'm
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saying is that i don't think structurally things have altered that much. we don't have as much growth as we need and there is too much debt. we have middling growth. i don't think that is fundamental changed. you saw, you know, most major commentators including my colleagues here not freaking out about this new number because there was a lot of counterveiling very positive news. melissa: okay. as well as negative news in this. the point you made, right is one of the major reasons we went negative is because there was so much cut in government spending. just remind us that government spending is not just spending. it's defense jobs. it is jobs firefighters, police, other things. it is real stuff in the real world. when you cut it there are real consequences. melissa: we have to squeeze in a break. i love you very much. i'm not letting u go home to your families. let you stay right where they are. we have more to talk with out power panel on the other side. could we follow in the footsteps of zimbabwe? it just announced they had $217 left in the bank. that is what is in their government coffers.
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literally. i'm not even kidding. you want to hear this. m.o. "money" straight ahead ♪ .
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melissa: you think our economy is bad? listen to this. the african nation of zimbabwe announced after paying the latest round of government salaries they have only $217 left in the bank. seriously. remember this is the same country that was forced to print the $100 trillion bill before hyperinflation ultimately collapsed their currency. could we ever be carrying one of these around in our left pocket? i don't know. let's bring our power panel back. steve moore, "wall street journal", brian wesbury from first trust advisors and simon rosenberg from the new democratic network. simon, i will start with you. we went to you las vegas time. it is only fair. do you have a $100 trillion bill? are you ready for this to happen in the u.s.? >> i'm not sure i have a $100 bill. melissa, there is lot of work to be done to get our budget in better shape. we don't have to do everything in one year. there is sort of expectation there will be a grand bargain. all of our problems will be
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solved. i don't think that is going to happen. we could see this getting resolved over the next three or four years. pieces of it getting done. remember, we actually, when bill clinton left office in 2001 we were headed towards eliminating the deficit all together. future congress unraveled that, right? melissa: also because, and you know well, because the economy was growing so well. >> right. melissa: that was really the nesis of this segment, the economy, no matter how you slice it is not growing so well. steve moore, how do we get the economy back on track? >> the pete peterson foundation came out with a report saying the way we're going right now we're on track to have gdp ratio of 200%. debt-to-gdp ratio would be 200% by 2040. >> i'm much more of a growth hawk than i am a debt hawk. the truth is with really low interest rates right now, if we were growing at three or four or 5%, the debt wouldn't be nearly the burden that it is. and the only thing that i really worry about, the
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reason, the only reason the de keeps me up at night at all, mill list sachs what happens with interest rates start to rise? if there is interest rate move, 200 basis points, that blows another $2 trillion hole in the budget. melissa: that is true. brian wesbury, how do we get the economy growing again? that has been the question of the hour for four years? >> i've been answering it for four years. cut the size of government. the reason the economy boomed in the late 1990s was because we had great new technologies, the pc and the internet but government was only 18 1/2% of gdp when bill clinton was president. today it's 22 1/2% of gdp the federal government. it's never been bigger. if you take defense out of the budget, we have never had a bigger government than we have today. and the bigger the government is, the smaller the private sector is. the smaller the private sector is, the fewer jobs we create.
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melissa: stunt the growth of private sector or that was function of government whatever size it was and rest of the economy was growing so big because of tech boom? did big government stunt the rest? >> we cut the size of government under reagan and under clinton. not actually cut dollar spending but we slowed its growth. we had welfare reform. we had all kind of great stability in government spending and the government grew. and as the economy grew, and as the economy grew, the government shrank as a share. melissa: yee. >> that's where we have to get back to. simon, you're a clinton guy. is this true? do you want to go back to the clinton days? does that mean the smaller government. >> go back to your days, simon. let's go right back to your days, simon. i'm ready right now. >> the two biggest drivers of growth of government spend having been defense and medicare. i think we, if we want to get spending under control, we're going to have to tackle health care costs, which is what barack obama
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said in his inaugural speech last week and we have to continue bring down defense. if we can do that and raise a little bit of revenue i think we can make significant progress on getting debt under control. melissa: steve, last word. real quick. we don't have time. >> of course health care entitlements are the big problem. simon why did we create a new trillion dollar health care entitlement? that didn't make a lot of sense. we can't afford it. when you talk about negatives for the economy i think obamacare is one of them. >> i will come back and debate that in the future. melissa: thanks to all three of you coming on. hope you come be ba. you're all fantastic. time for the fuel gauge report. mixed economic data from the u.s. and europe led to choppy oil trading futures. it managed to rise for the third straight session, now at the highest level since mid-september, settling 97.94 a barrel. more than a thousand commercial barges are backed up on the mississippi river. oil is still leaking from two barges that slammed into
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a bridge near vicksburg, mississippi on sunday. no oil is spotted outside the containment area according to cleanup crews, thank goodness. the coast guard says a timeline for fully reopening the waterway though is still unclear. iran's oil exports hit a high not seen since the sanctions began in july. exports climbed to 1.4 million barrels a day. that is according to analysis by reuters. strong demand by chin and an expansion of iran's oil tanker fleet helped fuel the increase. coming up on money, a hospital video spoof lays waste to obamacare. will doctors really have financial incentives to turn patients away in the door as you're seeing in that video there? we're going to explain. hundreds of state ployees are working more than one job on the taxpayer's dime. now the governor says he has had enough. details putting a stop to the double-dipping in california. do you ever have too much money? ♪
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♪ . melissa: feel like people have a lot to say about health reform. video obtained by fox business shows a new jersey hospital spoofing how not treating patients equals more money for doctors. liz liz -- liz macdonald is following the story for us. emac. >> good to be with you, melissa. for the first time we're seeing what doctors and hospital workers really think about health reform. and what you will see in the video spoof from the morristown medical center is term called accountable care organizations. that is a new term coming up from health reform. it is basically doctors and hospitals joining a network to keep cost savings low. you're also going to hear in this video spoof, a song, that is basically using the music from waylon jennings
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song, "looking for love in all the wrong places". that was a song in the movie, urban cowboy. look how the cost savings will come about. patient may not want to hear this one. ♪ . >> okay. so cms stands for the centers for medicare & medicaid services. that is part of the federal government. melissa, we talked to staffers at this hospital of the here's what they're saying. acos, this is key cornerstone of health reform. what acos actually do is reward doctors and medical workers for doing less, decrease access to care. this is totally opposite what the president wanted in health reform, meaning increased access to care.
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they're saying the less patients readmitted brought back into the hospital say there is complication from surgery, that means the less exams, tests or referrals doctors or hospital to order up. that means more government medicare money that the hospital and the doctors get to split among themselves. the hospital is talking to fox business. here is what it is saying. they're saying essentially this is a fun video spoof about preventing readmissions as you saw. certainly not meant as a mockery. it is about, working together and partnerships. the president of the hospital says when we saw the money exchanging hand he is telling fox business, yes, he feels the video is taken out of context but says the money exchanging hand, what that represents the hospital keeps half of the cost savings. guess who gets the other half? the federal government. that is what the president of the hospital is telling fox business. we'll watch the developing story, melissa. as it unfolds. bring it back to you. melissa: liz, thanks so of. is there any truth to this? could some hospitalling be turning people away?
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dr. leigh vinocur from louisiana state university. welcome back to the show. >> my pleasure. melissa: what is confusing about this story, if people are readmitted doesn't the hospital get to bill all the services again? when they perform tests don't they make money off that? i don't understand why they are not trying to do tests and have people in the hospital. >> the truth is the way medicare paid in the past, they set this up. it was one payment. it covered how long you could be in the hospital according to your diagnosis. so hospitals had to get patients out or they would be paying more money. now there's penalties if the patients get readmitted but the problem is, academic centers, tertiary care like teaching hospitals and universities, they get the sickest patients. so, and sometimes you know, you can't help it. patients don't follow instructions. they keep smoking. they have another heart attack. sometimes you can't avoid readmission. so now these acos come in and they say we're going to take care of the patients when they get out and
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prevent them from getting in. but the problem is they are going to cherry-pick the healthiest patients because they will make the most money. there is a whole layer of administration tiff work that will eat up some of the costs. patients are not win gets. you can't pay a set amount of money, this should cover all the widgets and we're done. diseases and people don't work that way. melissa: what is interesting about this, this is the problem when you remove the person who is paying so far from where the point of service is. >> right. melissa: if you had the person right there knew what the bill was and decided what they were getting based on what they could afterrd to it would be one thing but the person paying, the government, is so far away from what's going on that inevitably you have gaming the system. >> yeah. it's true. and it's a problem. you know what? insurance companies tried to do this in the '90s with health care, health maintenance or managed care and it didn't work. they had capitated things. it just doesn't work. health care is too complex.
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you're absolutely right, melissa. people are too removed. there is a definite problem but i don't see how this is going to help things or take care of the problem. melissa: no. i'm shocked there weren't warning bells going off in these people's heads making video and handing them the cash, barring the person from coming in. nobody shooting that video or in that video said, gosh, this would look really bad if someone got a hold of it. li the government accountability office. thank you so much for coming on. we appreciate your time. >> my pleasure. melissa: next up, hundreds of state employees are working more than one government job and raking in piles of extra cash? do you know about this? now the state is cracking down to stamp out the taxpayer waste. are you paying for this? keep watching to find out. plus tax hikes don't have to be all bad. one company steps up, to take a financial hit for its workers and the ceo joins us exclusively to explain. it is a good news story. piles of money coming up.
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announcer: get caught buzzed driving, and you could do some hard time. woman: craig. knock it off! sorry, mom. announcer: it could cost you around $10,000 in fines, legal fees, and increased insurance rates, and that could set you back a few years. buzzed, busted, and broke because buzzed driving is drunk driving. melissa: more than 500 union employees in california are working one more than one job and get being taxpayer
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money. they are managers and supervisors not even eligible for overtime. another case of government gone wild. erin mcclear, former presstek tear to -- press secretary t former california governor arnold schwarzenegger. >> thanks for having me. melissa: this is crazy story especially when you look at the dollars. these are full-time staff employees hoe are not eligible for overtime there make a lot of money in a management position and moonlighting in completely second job to make extra money. is this legal? >> well that is what they're looking at right now. the governor when he found out about it we'll put a stop to this for now and see if it is legal, but in the real world, as you know when you're on salary you work until the job's done. you don't work until some point you did too much and ask the boss for another part-time job to make up for that work. unfortunately in california government it is not the real world and i don't think anyone is surprised to see this. melissa: the numbers are really amazing. there is chief psychiatrist at nap -- napa state
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hospital. her base pay is $276,000 a year which is darn good. she has a second staff job as psychiatrist position which growses $125 per hour. that she bills afterwards. the whole idea of being full-time an being salaried is that, like you side you're expected to work until the job is done. is this, in your experience, in the government, is this you know, 500 people who are bad actors or is this something that happens? >> no. you know, we see things like this when we were in office. we found things like this from time to time, you had bad people doing bad things and tried to hide it. we found 50 until in parks hidden for years while cutting parks. this gets is larger point. we're spending more and more on employees and pensions and benefits up 30% from years ago. ucc, university of california system, california state university system is down 10%.
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parks are down 35%. we're cutting spending almost everywhere. our revenues are increasing by about 18% from seven years ago. and the same time only place we're spending more money on wages and salaries an pensions and benefits for state workers. melissa: a lot of places where you see something like this going on is where you also see, and it is another issue we did recently where people make so much more in overtime than making in their primary job. they're allowed overtime but may be making $60,000 and over time charging was $97,000. in a lot of these situations because it is a job that is 24 hours. they're working in a prison. they're working in a hospital where you need someone to go overnight. i can't even believe i will say this out loud. do we need more workers? are there not enough people to cover 24 hour shifts in places that we're looking at? >> i don't think that is the case at all. we're spending more money on the state workforce. the only people not taking a haircut in california are the state workers. everybody else has taken a
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haircut. taxpayers take a haircut because we're getting less services. we have parks closed. our kids are paying more in tuition the court system is just absolutely cluttered because we have less and less money going to the courts. the only place we spend more money on the state workforce. this is matter of efficiencies. when we see things like this it is clear we're not as efficient as we could. hopefully the governor will take this seriously. the leaders of this state are bought and paid for by the public employee unions. it will be difficult to take these on. melissa: interesting to look at places prisons, hospitals, whatever it was and privatize it and bid out the contract and paid them a flat rate whatever it was to run the facility. up to them to figure out how to do it. the lowest bidder won. would be a different system and another discussion for a different time they're telling me aaron. thanks for coming on the show i appreciate it. >> okay, thanks. melissa: next on money we're getting hit hard by higher taxes but one company is taking the blow for its workers. i love this. the ceo joins us exclusively to explain.
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at the end of the day, it is all about money. ♪
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♪ . melissa: most people don't expect a valentine's day gift from their boss. if yours offered everyone a thousand dollars you would all take it. baptist healthsouth florida is giving almost all of its 15,000 employees a one-time open proeappreciate bone schuss up to a grand. why? to make up for a hit in their paychecks because of the tax increase that hit last month. this gesture is costing the hospital millions of dollars. the ceo thinks it is worth it in the long run. he joins me with a fox business exclusive. thanks for coming onto the show? what made you decide to do this? what made it happen? >> when the employees opened up their first paycheck in january and found out they had a 2% reduction they were rather shell-shocked. employees are struggling with the daily finances of life. we had something else occurred. we had good news. we were named as one of the 100 best companies to work
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for by "fortune" magazine. we had a good quarter before th financially for two reasons. our employees are great employees and treat the doctors and patients ve well. so we had good financial performance for that quarter. we had a major cost reduction program underway. because of that, why don't we couple all this stuff together and give our employees an appreciation bonus. so we decided to share a thousand dollars each with them. melissa: good for you. what was the reaction like? what did people say to you? >> it was overwhelming. i must have got 200 e-mails in matter of couple hours. people were hugging us in the hallways. they were just ecstatic. they were so surprised. no one expected it. melissa: how did you decide? we're look at the side of the screen who got what. how did you decide who got how much money was anybody part of the program? >> well, we decided that, the average person making, the average shift person making $50,000 took $1,000 reduction. that was the net reduction
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of a the tax increase. so that is how we came up with $1,000. all the full-time people with $1,000. halftime peoe got $500. and the executives we decided we weren't going to participate and physicians that worked for us decided not to participate. we wanted to share that with the front line employees. melissa: yeah. you said that, i was going to ask you where the money came from. you said it came from a great quarter and some cost savings. there are some hospitals around the country that are talking about how hard they're being hit, especially in the face of the affordable care act. how have your fortunes have been so positive? what are you doing differently? >> well, we had a surprising quarter. we did not expect us to perform that well. we were running above budget. again not just a matter of more volume. we had significant cost reductions that are employees participated in. so we decided this is a good motivational tool for them. melissa: like what kind of things did you do to save money? you know now everybody is on the edge of your seat and
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they want to do the same thing. >> first thing we froze executive salaries. and then we were going to build a corporate headquarters that would be multimillions of dollars and we hended up cancel that. the food to the overtime and what have you. we looked at everything and, no stone left unturned. melissa: brian, thank you very much for coming on our show. we appreciate your time. we really applaud what you did. i'm sure your employees are ready to give you a big hug. thanks for coming on. we appreciate it. >> my pleasure. melissa: here is our "money" question of the day. would you want coworkers to be able to see your salary? interesting pretty much everyone who answered said no. there is no upside and that would just cause problems with jealously and resentment. we want to hear from more of you. you can like us on facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. coming up on "money", you know a city's pollution is out of control when it comes to this. cans of fresh air for sale.
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♪ melissa: all right p. it is time
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for some spare change follow-up. we are join by a fabulous pair. julie and adam. apparently, we said julie's name wrong for years now. we'll try to fix it. >> just nope as julie. melissa: we're in good company. i feel better about that. this is for anyone likeme who gets frustrated by puzzles on website when you try to buy things like concert ticketings, letters shown, hard to see what you have to copy, but ticketmaster is changing its ways. look. isn't that so much better? the puzzles are meant to ensure you're a real person buying tickets. the new easier codes wi be up and running in a few weeks so you can write come back, snowstorm, rather than 689, but was the problem was twisted. >> it was like reading my diary. i've been begging for this for
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years. it's kept me away. i'm not smart enough to figure it out. i missed out on concerts. melissa: i said your name wrong for two years. >> i thought, are we having trouble now with numbers and letters. you have young children. is it necessary? melissa: i think it was. i have put the wrong thing in. >> i'm almost 40, and i can't get it right. melissa: not with us on this at all? o don't care? >> no, it's just -- melissa: we live in the same neighborhood, and tell you to come over. all right. turns out it can cost you and this chinese businessman is selling cans of fresh air for 80 crepts of the they come in atmosphere flavors like post industrial tie won. >> yuck.
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that's not sounding good. melissa: i checked that one. it really is post industrial taiwan. >> what about the after industrial tie won? >> cld be arrested for acknowledging taiwan as a country. that could go wrong too. they sell water and call it holy water from the holy land. it's probably from the tap. i've seen new york city tap water sold as bottled water. >> same with disani. this was is great idea. it's not new. in our neighborhood, there's a place over on 86th street, go in, get oxygen therapy. people pay for this. melissa: in new york, they sell tap water in bottles charging a premium for it. there you go. it's all good. buyer beware. >> if you're in new york, other
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than their neighborhood, come to the westside where the cool people live. >> i'll give you that. melissa: it's true. this is awesome. this is prosurfer, riding what is believed to be a 100 foot wave in portugal. it is the largest wave ever ridden by a surfer. he shattered his record of riding a 87 foot wave. do they go out with a tape measure and say no, it's not 78. who measures this? >> first of all, another roar, longest exclamation of oh --! i bet you they are extrapolating a height from the top. melissa: so many variables in there saying it's 7878 and this is a hundred. that is cool. >> where do you go from that, though? the guy is surfing tomorrow and
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it's lame. >> jones beach is out. melissa: next one. you know, lately, there's a twinkie controversy all over the place. wait until you hear this. the cream filled snack is famous for having a never expiring shelf life; right? one posted a picture of -- oh, gosh -- of what appears to be a rotten twinkie. bids start at $25 with $10 for shipping. >> this is easy to figure out what happened. >> it's a prank? >> no. in all seriousness, this is similar to what happened in "planet of the apes," the opening, the female astronaut, you know, looks in, appently there was a leak in the package, in her sleep unit, and she aged when the others didn't. >> bringing up movies, it looks like soil and green. maybe it's people.

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